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20121207
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and real irony is going to be the ultimate deal's going to look like the obama boehner grand bargain that was negotiated and almost done in the summer of 2011. the fact that we couldn't make that deal then i think's a tragedy for the country. one of the thing's it did was lead to that aaa downgrading. that was unnecessary. >> let me just follow up on this point of what republicans should accept. you said you'd go back to the clinton era tax rates if you could get the spending that went with it. there are some in the republican party like congressman tom cole congress them saying let's just do that. let the rates go up for those at the top, then wait and negotiate. is there anything about that that you think could make sense? >> that's not a negotiation. the president's not going to then lower those rates. >> that might be a capitulation. >> yeah, it is a capitulation. the president thinks he's got all the cards. the republicans position improves at the beginning of the year and frankly, there are a number of people coming back, people who contributed to this mess and i'm not sure as
on treasurietreasur. as soon as boehner and obama walk out of the white house, which i believe they'll do at some stage over the next month, as soon as that happens, everything is going to flip the other way. i'd like to find a way to play the market, but i think for long-term investors, valuation gets more and more important. the more you stretch things out. the key thing people are miss -- i agree with rick, the economy is not that strong, but it is still growing steadily and valuations are so extreme that you know which way the money is going to go when things settle down. i just wouldn't want to be on the wrong side of that trade. >> stephanie, that's basically the way you feel. you have sort of opportunities out there. how do you see it, stephanie? >> i think what you want to do is use the volatility, use the declines, and go back to the companies that reported good third quarter earnings. go back to an ebay. >> stick to fundamentals. >> right. go back to starbucks. or you also can focus on some of the themes, right. housing is still in recovery mode and that -- i know it's well known, but i
between speaker john boehner and president obama today. with just 25 days to go, let's keep tabs on where we stand. reports of a conservative backlash against speaker boehner simply not true. he has the solid support of his leadership and the rank and file. but there is concern among some in the gop that they are at risk of becoming the party for rich people while president obama and democrats stake their claim on the middle class. and my tax rate flexibility with higher -- here's what the president said earlier today. >> i'm not going to sign any package that somehow prevent prevents the top rate from going up for folks at the top 2%. but i do remain optimistic that we can get something done that is good for families like this one and that is good for the american economy. >> we look back republican senator rand paul from the state of kentucky. senator paul, welcome, as always. i want to ask you about the fiscal cliff, the state of play. there's revenues on the table. there's tax rate increases on the table. i don't know if there's spending on the table. what's your thinking prigt now? >
since president obama and john boehner met in person. nbc news confirms two leaders spoke by phone for 15 minutes last night a call described by politico as short and curt. boehner gave his state on the current talks a moment ago. >> no substancetive progress has been made in the talks between the white house and the house over past two weeks. all eyes are on the white house. the country doesn't need a v victory lap it needs leader. >> behind the scenes of the contours of a deal are starting to take shape, a trillion plus dollars in tax heights, entitlements of $400 billion and 1.2 trillion in spending cuts to offset the dreaded sequester. if the phoners haven't been gabfests the president is chatting up other folks including small business owners, middle class americans and mitt romney-loving ceos. if awkward meetings are par for the course in washington, the president's one today takes the cake. later this hour, president obama will sit down for a post-election chitchat with the prince of awkward, the king of tilted conversation and uncomfortabled one-liners, mitt romney. is ther
president obama and john boehner spoke for 15 minutes last night. i just bumped into a senior leader among senate democrats and asked him how he felt about this news and he said -- he was more optimistic about these negotiations today. he thought perhaps this man the speaker and the president were exchanging proposals on avoiding the fiscal cliff, john boehner has a press conference at 11:30 after his meeting with tim geithner. connell: we will speak with -- see what the speaker has to say. with all this back and forth, a decent amount of speculation that a deal is starting to take shape. look at the reporting from politico and they put numbers to its save a framework looks like this. taxes for revenue would rise by $1.2 trillion. families making them to $50,000 would see higher taxes which we have been expecting and entitlement programs would be cut by $400 billion, most coming for medicare and, quote, end of war savings peter barnes and others reported many times as being dubious because they counted the previous budget you have another trillion plus in cuts. that according to politico i
. boehner and the republicans have to be aware of where obama's at in his own head and with his colleagues, which is no deal without some increase in rates, or we go over the cliff. >> let me just add one thing. when obama made that initial offer, we talked a little bit about how, you know, it was a wish list. it was ideological, whatever you want to say. i think it actually helped boehner in some respects because it gave him three or four things that he could then go back to his caucus and say, look, i moved obama off of this, this and this. and when boehner put his offer out there, you started to see what could potentially be a chip-trading process going on here, whereby you have some give on, you know, cpi, the inflation index for social security, and in exchange boehner would agree to some marginal rate in the tax rates. now the people need to start figuring out what they want to give and take. >> the only difference i would say, steve, between what the president wants and john boehner is it's not what john boehner wants. it's what john boehner can deliver. >> yeah. >> and this is a si
he is not body surfing. he knows he will be tortured and ongoing katrina. john boehner is frustrated after a closed door meeting with geithner. >> eric: brian's point, vacation is on because president obama knows he has a deal. >> dana: i don't think -- well, one, the present doesn't have a spending cut plan. why is everyone looking at us. where is your plan, sir? now the democrats are starting to realize wait, i think they are on to us. president obama sacrificed going to hawaii with his family. going to stay behind. they will fawn over him for not going to hawaii. >> bob: that happened last year. if you accept the bush tax cut last time. family went off and obama stayed behind. it's time so just accept it. >> brian: it is the same game. the house republican and the senate democrat and president is democrat. >> eric: i can't tell you how many shows i stayed until 11:59, live show for the debt creeling to hit or the government to shut down. government would shut down, 19:55 they fixed it. obama is say nothing, i need more. boehner is saying we are further than we have ever been. >> t
wants to be in, but talks have completely dried up. yesterday speaker john boehner and president obama did not speak and their staffs did not speak. so really this thing is at a standstill like we've never seen before. >> yeah. so the fact that we're not even talking now. the aides aren't even talking the each other. where does that leave us? how comfortable is everybody with this? when are they going to restart speaking? >> house republicans released their own proposal a couple days ago, which they thought made major concessions in offering up new tax revenue, which the party hasn't really done in decades. the president and his advisers immediately said that that was not a proposal worth considering. so really what we're waiting for is a counteroffer from the white house. the white house has to react in some way to this offer from house republicans. they haven't done that yet. so we're kind of waiting for that. republicans say the ball is in his court. listen, the president is still the president. he has to invite house republicans to the white house. he has to make that move to get t
around speaker boehner's offer to president obama. that is a bold plan. could you talk about that? >> a bunch of the american people are -- it is so frustrating for these guys. i was listening. i did not have inside information. we were listening to this. i said, these guys can get together and do a deal if they want to. the idea there was to set out and prove to them, you can do a deal. i took the midpoint of where they were in every category of spending. as an example on discretionary spending, they were between $250 billion and $400 billion. i said, take $300 billion. on health care, on other mandatory, cpi, to gather it was $200 billion. in trust, about $400 billion. $1.80 trillion worth of spending cuts. you add that to the $1.30 trillion already done, that is $3.10 trillion. you take the speaker and the president on revenue, $3.90 trillion. it does not change the fact that we have got to make social security sustainably solvent. we have got to reform a tax code and simplify it to make it more competitive in a global marketplace spirit it was a good start. that was the point
worked out between -- where president obama and speaker boehner tried to work out last year. and also -- while certainly both sides are saying that specifics are lacking, there is certainly, i think, a feeling from some democrats that maybe it could have been worse. maybe they were expecting something that in their estimation might have been even more towards what republicans would want. >> brianna keilar, thank you. i guess we're supposed to be encouraged that everybody wasn't just giggling over the proposals. rks said they laughed at the white house proposal. >>> let's get to senator johnson, member of the budget committee and the appropriations committee. we appreciate your time this morning. >> morning, soledad. >> you heard brianna's report a moment ago. she said the white house rejected it because they're like, listen, it has to have tax increase on the top 2% or it's a complete no go. would you be willing, in fact, to raise taxes on the top 2% wealthiest americans? >> to meet the case for growth and how it's ten times more effective than just increasing tax rates. few numbers.
nothing to do with what's going on between boehner and obama. >> to some extent that's true. >> reid is the guy that pushed obama to extend the bush tax rates in 2010. so reid would i suspect -- >> i'm starting to like him more. i thought of him as senator pat geary from godfather 2. but everybody loves harry. there's a song everybody loves harry. anybodies that that has anything to do with casinos loves harry. just a quick question. you were a big cap guy for a long time. now dividends rates where going up. are you still a big cap guy? i've been a small cap guy. i'll tell you you why. >> when did you switch? >> this is a while ago. the reason why, number one -- it's a growth story. >> do you like the natural gases play ms in small cap? >> the way we've invested, we haven't been looking at producers. we're looking at users of natural gas. i think that's been a little bit better. >> we'll hit that break at 6:50, the one that we keep -- >> let's do it. >> and write a six minute tease for that break. i'm going to have time to read the entire thing and people at the end of that tease, no
at 10:00 a.m. and then with house republicans including speaker john boehner, eric cantor and paul ryan. geithner will lunch with mitch mcconnell and then house minority leader nancy pelosi. president obama is signaling he's flexible on on where tax rates should go for the wealthiest americans. a return to the clinton era tax rates would have households pay between 36% to 39%. the president met with a group of 14 ceos wednesday afternoon. they offered support for resolving the if i can crisis with a proposal for higher taxes for those who make more than a quarter million dollars a year. sdl bo >> both sides have acknowledged that there will be revenue concessions and sbilgtment cent concessio concessions. i'm not a master of the political art here, but i would say if you have these point of views in a business context as close as they are, i would say a deal would be in reach. >> ford chairman bill ford junior agrees with blankfein saying he's confident the obama administration can reach a deal with congress to avoid the fiscal cliff. but speaking with reporters in bangkok, he says the
, that is tonight on nbc's rock center. 10:00 p.m. on your local nbc station. >>> meantime, house speaker boehner and president obama speaking on the phone last night about the fiscal cliff. there still seems to be a freeze in the negotiation. >> there's nothing going on privately that's not going on the publicly. >> they've got to come with some specific revenue. they have refused to do that. >> we need that consensual break through. >> although the president seems obsessed on raising taxes for you. >> that is a bad strategy for america, it's a bad strategy for your businesses and it is not a game that i will play. >> is the administration prepared too go over the fiscal cliff? >> oh, absolutely. there's no prospect to an agreement that doesn't involve those rates going up on the wealthiest 2%. remember it's only 2%. >> with just 25 days to go, the political satandoff could cost the u.s. millions of jobs. professor, good to have you back, good morning. >> good to be here, thanks. >> good read in the journal yesterday from you and if anybody needed to worry about this more, you invoke carter, you
christmas tree. that was john boehner who lit the tree. on the west front steps of the cocapitol. where president obama will have inauguration in a couple of weeks. from the speaker bearing brooks brother to devil wears prada. anna winter raised money to get president obama re-elect and it could be paying off for her now. bloomberg news is reporting that she is on the short list to be the next ambassador to the u.k. or to france. a hat tip to the "new york post," owned by the parent company of the network. she was trying to audition by fundraisers and glossy spreads in the magazine. what do you think? quid pro quo? >> dana: yeah, i do. she is an accomplished woman. if you have a movie made that says you're the devil you'v youe something. >> greg: they made one for you. >> dana: i'll reserve comment whether she deserves it and would be a good ambassador. we talked about this eight months ago with a big event here. someone slipped it out she would love to be the u.k. ambassador. i think it could happen. >> andrea: do you think it's real or her floating her own name for job? >> greg: i wou
. >> in roll call today a day after november election speaker john boehner said republicans are ready to be led by president barack obama. top of their dismay they feel they are being bullied instead. leadership as i've always known to it be is about casting vision, calling people to rise up, to be better than they are and better than they think they can be. they asked for leadership. the president casts it. now they are like a dog on a leash that doesn't want to go outside. >> i find it ironic the republicans are complaining. remember their negotiating posture for the last four years has been here's how you negotiate. do what we say. that's been it. that's what the republicans have offered was nothing. now we've seen turn about is fairplay. look, the democrats can afford to let december 31st pass. they really can. because a recession wouldn't happen the next day. what would happen at least acdorgd the polls the public would blame republicans for not compromising and republicans will be in this box where the only reason they didn't say yes because the millionaire tax cut wasn't include. the rep
inside. natalie? >> good morning again, matt, savannah, and al. president obama and house speaker john boehner could be off to a fresh start in their efforts to avoid the looming fiscal cliff. the president resumed discussions with boehner on wednesday. however, treasury secretary tim geithner kept up the tough talk telling cnbc the administration would let automatic spending cuts and tax increases take effect if republicans refused to raise tax rates on upper income americans. >>> secretary of state hillary clinton and russia's foreign minister are holding surprise talks today on the deepening crisis in syria. the u.s. is concerned that syrian president assad's regime is on the verge of releasing chemical weapons against its own people. allies want assad to step down to prevent bloodshed. russia is syria's strongest ally. so support for any plan is critical. >>> search and rescue teams are still finding survivors two days after a powerful typhoon bopha struck the southern philippines, but the death toll has climbed beyond 375, and hundreds of people are still missing there. survivors
to bring down the deficits in a balanced way. >> president obama in balance making the case for increasing taxes now. dealing with the big package after the new year. house speaker boehner saying that the proposal up on capitol hill from the administration was in his words "ludicrous." and republicans saying that actually they laughed at the initial proposal from the treasury secretary yesterday. let's bring in the panel. bill kristol of "weekly standard." juan williams, columnist with the hill. syndicated columnist charles krauthammer. okay, bill, is this part of the kabuki theater, the dance, choreographed back and forth? or are we really looking at something that is in deep trouble here? >> it looks to me more like the theater. the president understandably is going to put out his optimal scenario first. especially since he is going to try to hammer republicans on the greatest vulnerability, the president will say over and over i propose and the senate democrats passed the tax cut, 98% of all americans to take a lot of, a lot of what the fiscal cliff is. move a lot of the damage to the e
than obama's stance. uh no! nice try. demint said boehner's plan will destroy american jobs and allow politicians in washington to spend more. oh, please we're not falling for this. they think if they criticize the plan, oh, well it must be a good compromise then. nice try! 29 minutes after the hour. spongebob squarepants tom kenny, our buddy our pal next on "the stephanie miller show." you know who's coming on to me now? you know the kind of guys who do like verse mortgage commercials? those types are coming on to me all the time now. >> she gets the comedians laughing... >> that's hilarious! >> ...and the thinkers thinking. >> okay, so there's wiggle-room in the ten commandments is what you're telling me. >> you would rather deal with ahmadinejad then me. >> absolutely! >> and so would mitt romeny. >> she's joy behar. >> and the best part is that current will let me say anything. what the hell were they thinking? >> only on current tv. at cepacol we've heard people are going to extremes to relieve their sore throats. oh, okay, you don't need to do
they're getting along. but speaker boehner did come to the white house for the party at the white house. for the annual congressional party for christmas. but this year, speaker boehner did not pose for a photograph with president obama. that raised some eyebrows certainly. it doesn't seem the two are getting along very well. but at some point, president obama will have to come into the negotiations and get involved himself. >> that meeting is not set yet. jake tapper, thanks very much. >>> george, now, to the potentially lethal carbon monoxide leak at an atlanta elementary school. >> hubie: 50 teachers and students were sent to the hospital monday. firefighters discovered the unsafe conditions. and now, parents are asking, why the school reportedly had no carbon monoxide detectors located inside. steve osunsami has the story. >> reporter: it was a shocking scene, played out on live television. >> i saw kids passing out. i saw them shivering. i saw some kids just moving around like they were dizzy. >> reporter: dozens of children at this atlanta grade school monday, falling out from hig
. >> this is something we'll be watching. republicans are going to be watching that, too boehner has an opportunity to correct. we'll see if he does. funker oh the showdown on the fiscal cliff, president obama today met with middle class americans, corporate executives and he was urging supporters to use #my2k to determine how tax changes would affect them. an schmidt tweeted: >> do you think it's a good idea to go out to the people as the president is negotiating with congress. >> i personally am a big proponent of anytime you're blinging people into the halls of capitol hill, this is one of the most polarized congresses we have seen. compromise has not been king of the hill for sometime now. i'm not sure it works. last year, bringing public pressure to the payroll cut extension through congress. i'm not sure it works this time, but it's an innovative way to get folks engaged. >> of course all of this negotiation around the fiscal cliff, the president actually indicated today that he might be president-electable. he says he's not necessarily looking for income tax rates as high as they were under
by $6 trillion every obama term. that's what catastrophic. the republicans need to stick to the boehner rule. a dollar of spending cuts for every dollar in spending increases. why give in on taxes and the fiscal cliff fight when you will have all the leverage. megyn: simon? >> in the rasmussen poll that came out today the republicans lost 10 points since the election in the congressional generic fight. they are losing this economic argument right now. if they pull what mark is saying, you are going to see the republican party's numbers in the 20s. they have no leverage on this thing. >> not going to happen. megyn: we'll leave it at that. thank you both. just ahead. a much more somber note. new warning about the sarin gas threat in syria. city drivers claim a class action that the traffic cameras are actually rigged. soot whole world is watching and the president of the united states made clear there will be consequences if the assad regime makes a terrible mistake by using these chemical weapons on their own people. megyn: that was leon panetta with a warning that the united states and
with president obama. they are both republicans and democrats. they all want to know how he's going to handle the fiscal cliff crisis. they will also meet with john boehner. boehner counter proposal yesterday. $600 billion in cuts in entitlement and $250 billion in changes in way the government changes inflation that would impact social security. let me bring in the national journal from the editor. good morning. i want to talk to you about this republican proposal saying republicans in congress want to get serious about asking the wealthiest to pay slightly higher tax rates. we won't be able to achieve a significant balanced approach to the deficit. it does have some revenue in it, even though it's not from tax increases. so what does this opening offer say about where we are in these negotiations? >> well, it seems very difficult to imagine that we're going to be getting to a deal that will handle everything that needs to be addressed before the end of the year. i think the first main thing that needs to be addressed is the question of the tax cuts expiring. and for the obama administration
] [captions copyright national cable satellite corp. 2012] >> house speaker john boehner responded to president obama's remarks in pennsylvania on the economy and the so-called fiscal cliff. he spoke to reporters on capitol hill. this is about 10 minutes. >> good afternoon, everyone. the president traveled to pennsylvania to visit a small business today to talk about the fiscal cliff. unfortunately, the president and members of his own party who were proposing that we let many small businesses -- as in hundreds of thousands of them -- go over the fiscal cliff. simply put, that's why we don't have an agreement as yet. they said yesterday, this is not a game. i used to be a small business owner. small business owners are regular men and women from all backgrounds who, in today's economy, are facing challenges on a daily basis. the president's tax increase would be another crippling blow for them while doing little to nothing to solve the bigger problem here, our national deficit and national debt. this debt doesn't exist because we don't tax small businesses enough, it exists because
in that awful tragedy of a storm. i am not -- i have not looked at mr. nadler's bill >> president obama spoke in pennsylvania today calling on congress to pass an extension of tax cuts for the middle class. later in the day, john boehner of s on to the president's comments. you can see both events starting at 8:00 eastern on c-span. in january, tax credits are scheduled to expire, along with tax credits for businesses. we look at the issue this morning on this morning's "washington journal." host: we are looking at various aspects at the so-called fiscal cliff. joining us for the discussion is steven sloan. he is with politico. could you define what a tax credit is and how that differs from a tax deduction? guest: credits and deductions are used to lower somebody's tax bill. if you have it $1,000 tax bill -- basically reduces taxable income, so it takes the taxable income off the top. if you have a $1,000 tax deduction, that is basically a $250 deduction. host: on their tax credits that specifically affect families? guest: some that have expired that are part of the fiscal cliff package. gues
time following by a meeting with house republican leaders including john boehner, eric cantor and paul ryan. secreta secretary geithner will have lunch. yesterday there were a number of high-profile leaders who met with president obama at the white house including goldman sachs' ceo lloyd blankfein. >> at this time there's going to be revenue concessions and entitlement concessions. in fact, if you listen to it, again, i'm not a master of the political earth here. i'm in washington, but i would say if you had these point of views in a business context as close as they are, i would say a deal would be in reach. >> blankfein said that the president's plan is very detailed and seemed credible as you just heard there. let's get a check on the markets. the u.s. markets are indicating higher once again even after those gains yesterday. the dow up by 65 points. overseas in asia we saw some green arrows there as well everywhere except in shanghai. in europe this morning it's more of the same. a lot of what's been happening here influencing what's happening there as well. the footsie is up abou
Search Results 0 to 30 of about 31 (some duplicates have been removed)